SAO PAULO - British energy major BP has completed a deal with Brazil's state-run oil company Petroleo Brasileiro S.A. (Petrobras) to acquire stakes in five deepwater exploration and production concessions in the Potiguar Basin located in the Brazilian Equatorial Margin. Subject to regulatory approvals, BP Energy do Brasil Ltda. will take a 30 percent interest in blocks POT-M-663, and ...
China detains four GSK executives for suspected bribery
BEIJING - Chinese police has detained four senior executives of British multinational pharmaceutical company GlaxoSmithKline (GSK) on suspicion of having bribed officials and doctors to promote its medicines and other tax-related economic crimes. The officials are also being investigated on charges of arbitrarily raising drug prices in the country. At a press conference here Monday, Gao ...
Now an app that syncs music simultaneously on infinite number of devices
A team of Exeter University students have won 50,000 dollars at a Microsoft sponsored technology competition for developing an app that allows playing music simultaneously across infinite number of devices. The app called 'SoundSynk' connects phones and other devices through a so-called artificial mesh network, allowing them to play the same song on all devices in perfect harmony, BBC ...
Microsoft Blackberry dramatically slash prices of Surface and Z10 to boost sales
The two tech firms Microsoft and Blackberry have reportedly cut down on the prices of their flagship products in an attempt to boost sales. Microsoft has cut down the price to as much as 30 percent of its 32GB Surface RT to 279 pounds from 400 pounds in the UK and Blackberry has cut the price of the Z10 phone to as low as 49 dollars in US with a contract, down from 199 dollars, BBC ...
California protesters block freeway raid Wal-Mart in wake of Zimmerman verdict
Protesters confront Los Angles police officers during a demonstration in reaction to the acquittal of neighborhood watch volunteer George Zimmerman on Monday, July 15, 2013, in Los Angeles. (Jae C. ...
Oil falls slightly but stays near $106 as traders look to next US inventories report
BANGKOK -- The price of oil stayed near $106 a barrel Tuesday as energy markets waited for the next U.S. report on crude and fuel inventories for confirmation of recent signs of increased demand. Benchmark crude for August delivery was down 35 cents at $105.97 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 37 cents to settle ...
How to run a virtual office with a flexible workforce from your own home
You don't have to look far to stumble across research and reports of stressed, overworked employees, many of whom are working parents, struggling to balance their work and personal commitments. What is clear is that Monday-to-Friday, nine-to-five doesn't reflect the reality of modern business or family life. With increasing pressures to communicate outside of working hours, people are ...
Big Pharma firms subject of fraud inquiries in US China and Japan
Big Pharma firms subject of fraud inquiries in US, China and Japan By Michael Hennigan, Finfacts founder and editor Jul 16, 2013 - 8:23 AM ...
Bill Gates vows the return of Microsoft Bob
Though roundly ridiculed when it debuted in 1995, Microsoft Bob, or something resembling the short-lived on-screen assistant, will ultimately return, vowed Bill Gates, co-founder and chairman of Microsoft."You always make mistakes on these things," Gates said at ...
Microsoft trims Surface price by US$150
(46 mins ago) Microsoft Corp is slashing the price of its Surface RT tablet by US$150 as it fights to increase its tiny share of the tablet market. The cut brings the price of the Surface RT with 32 gigabytes of memory to US$349 without a cover, which also acts as a keyboard. Including a cover with a touch-sensitive keyboard, the device comes to US$449. The Surface has a 10.1-inch screen ...
U.S. regulator targets Apollo Aviva insurance deal WSJ
(Reuters) - The New York financial regulator is examining whether to overturn insurer Athene Holding Ltd's bid for the U.S. annuity business of Britain's Aviva PLC, part of its recent crackdown on private equity insurance deals, the Wall Street Journal ...
Santander has considered investing in Commerzbank paper
The paper said on Tuesday that Commerzbank's retail banking business in particular, which has more than 11 million customers, could be of interest to ...
The stronger opening of equity markets
Intraday, the Bund was under modest downward pressure from the start of European trading up until the US eco releases. The stronger opening of equity markets, following Asian gains on the back of Chinese GDP data, weighed especially on the Bund. Calm on EMU bond markets after a turbulent weekend (French downgrade, Spanish/Portuguese political crisis) also played against core bonds. Traded ...
Citigroup has an emerging markets headache Analysis
Emerging markets have fueled two-thirds of Citigroup revenue growth for the last two years. The bank operates in about 100 countries globally, far more than most of its U.S. competitors, which means it can be hit by economic factors that shareholders know little about. ...
Seoul says North Korea behind June cyberattack on South Korean government media websites
SEOUL, South Korea -- North Korea is to blame for last month's cyberattacks on the websites of South Korean media companies and the president and prime minister's offices, a South Korean investigation concluded Tuesday. South Korea's ministry of science said it was blaming North Korea based on analysis of codes, Internet addresses and personal computers used to launch the ...
European carmakers continue to take beating registrations down 6.6 percent in 1st half
PARIS -- The European automakers' association says car sales were down 6.6 percent for the first half of the year compared with the same time in 2012. ACEA said in a release on Tuesday that 6.205 million cars were sold from January to June in the European Union, providing further grim reading for an industry struggling in a deep recession. The car industry also suffered its worst June ...
Former McDonalds Microsoft execs join HP board
Hewlett-Packard has named three new members to its board, including former executives from McDonald's and Microsoft, as it forges ahead with its turnaround push. The company has appointed former McDonald's CEO Jim Skinner; Raymond Ozzie, former chief software architect at Microsoft; and Robert Bennett, former president and CEO of Liberty Media. The appointments, which are effective ...
Metals Stocks Gold retreats from gains with Fed in view
LOS ANGELES (MarketWatch) -- Gold futures slipped in electronic trade Tuesday, taking back most of the gains made in Monday trading, but with some analysts optimistic for the week ...
Horsemeat food scandal inquirys slow pace criticised by select committee
Link to video: Horsemeat scandal: MPs question Irish meat industry in select committee hearings A complex and highly organised network of companies mislabelling meat and trading it fraudulently is behind ...
Chinas long march to become knowledge-based economy
China's long march to become knowledge-based economy By Seamus Grimes, emeritus professor of geography, National University of Ireland, Galway Jul 16, 2013 - 7:41 AM ...
Will Bernanke surprise again
softer-than-expected U.S. retail sales data suggest Federal Reserve Chairman Ben Bernanke could reiterate that monetary stimulus will stay in place for now when he testifies to Congress this week, but don't bet on it, say some strategists. "Never say never with Bernanke and I think that was very much the case last week when he surprised markets," said Robert Rennie, global head of ...
Market Buzz US earnings season to boost confidence
The US earnings season has kicked off with positive results. Citigroup, a leading global bank, reported a 42 percent increase in quarterly profits, and other powerhouses such as Johnson & Johnson and Goldman Sachs Group are scheduled to report Tuesday. The positive start translated to positive index closes across the board. The Dow Jones Industrial Average finished up 0.13 percent, the ...
Source: http://www.baltimorenews.net/index.php/sid/215856393/scat/3a8a80d6f705f8cc
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